Scirocco Energy plc has cancelled certain options held by directors and former directors under the shares in lieu of fees scheme and paid the money owed in cash. OBLIGATION From 2020 to 2022 the directors concerned deferred salaries to preserve cash in the business in exchange for new ordinary shares options, resulting in £447,000 savings. […]
Day: 19 December 2024
Power Metal finds further gold mineralisation at Tati
Power Metal Resources plc said new sampling results further demonstrated gold mineralisation continuity within the 8km-long gold trend at Tati near Francistown, Botswana. ANOMALIES The company first confirmed the project’s large-scale gold-in-soil anomaly in September 2021 two months after acquiring the project. Today’s published results are from last year’s extensive soil sampling and show the presence […]
Helium One ITW-1 flows helium to surface
Helium One Global Ltd’s completed Itumbula West-1 well flowed high concentration helium, measuring 4.7%, from Basement to the surface at Rukwa in Tanzania. EVALUATION The company yesterday said that a measured helium concentration of 4.7% equates to almost 9,000 times above background levels. Hydrogen also flowed to surface during basement testing, at a concentration of […]
Union Jack signs 45% farm-in for West Bowlegs well
Union Jack Oil plc has signed a farm-in agreement to acquire a 45% working interest in a well planned to drill test the West Bowlegs prospect in Seminole County, Oklahoma. HUNTON LIMESTONE The company last month announced it was planning joint ventures with its newly appointed agent and adviser Reach Oil & Gas Inc. The […]
Scirocco investor requisitions general meeting
Scirocco Energy plc will vote on a resolution to distribute cash to its shareholders in a requisitioned general meeting. ALTERNATIVES Forest Nominees Ltd, the legal holder of 78,978,978 shares in the company held as nominee on behalf of G.P. (Jersey) Ltd, called for the meeting in a letter dated 2 February under section 303 of […]